There are two necessities for an industry to be competitive, first for an industry to be competitive, the industry must have numerous producers that does not have a large market share, second, an industry can be considered competitive if its consumers regard the products of the producers as equivalent.
It highlighted the sectional issues that divided the nation.
It put an end to the debate over states' rights.
The “nullification crisis” challenged the federal government's right to impose its own laws. A war was imminent.
These tariffs had been established to protect factories in the northern states against foreign competition. Southern farmers thought this was unfair.
Andrew Jackson, the president of the United States, issued a proclamation in which he warned that South Carolina's rejection of federal tariffs was an act of rebellion that could end in bloodshed. South Carolina responded promptly in preparation for war.
On October 9th, 1773 James Boone and a small group if settlers set up camp on the way to Kentucky. That morning, they were attacked by Delaware, Shawnee, and Cherokee Indians.
Answer:
Roosevelt was accused of Bolshevism by his opponents, and many anti-crisis methods were sharply criticized. They criticized the direction of the New Deal against business; many rightly believed that the new policy hampered the restoration of the economic system. Despite all efforts, unemployment continued to increase: if it were not for the increase in salary costs caused by the New Deal, the unemployment rate in the country as of 1940 would be lower by 8 percentage points.
Ordinary citizens were directly affected by the increase in alcohol duties and wage deductions for social security. Roosevelt further increased the tax burden by raising income tax for individuals and legal entities, excise taxes, property taxes and donated property. He introduced undistributed profit tax. All these ‘requisitions’ led to a reduction in the amount of money that entrepreneurs could spend on expanding production and creating new jobs.
Explanation:
